Question: please help me answer this problem Part A: Numerical Analysis Suppose that Dante and Anna both work in the labor market and perform household tasks.

please help me answer this problem

please help me answer this problem Part A: Numerical Analysis Suppose that

Part A: Numerical Analysis Suppose that Dante and Anna both work in the labor market and perform household tasks. Both Anna and Dante derive utility from only two types of goods home goods (produced with home time) and market goods (purchased with market income). Table I .' Separate Production: both individuals are endowed in the total of 8 hours Value of Market Goods Value of Home goods Total income 5hrs * $13 = $65 3hrs * $13 $39 5104 Question 1: Who has absolute advantage in each type of production? Table 2: Comparison of the opportunity costs. Question 2: Fill in the values. Round your answer.| Opportunity cost of $1 of market Opportunity cost of $1 of home production in terms of production in terms of market goods home goods value value Question 3: Who has comparative advantage in each type of production? Table 3: Suppose Anna and Dante decide to specialize and produce oniy the good in which each has their comparative advantage. Question 4: Fill in the values assuming complete specialization. Question 5: Are there gains 'om specialization and exchange for Anna and Dante? What makes these gains possible

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